Q4 2024 Earnings Forecast for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Issued By Zacks Research

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Analysts at Zacks Research lowered their Q4 2024 earnings estimates for Cracker Barrel Old Country Store in a research note issued on Tuesday, May 21st. Zacks Research analyst H. Ray now forecasts that the restaurant operator will post earnings of $1.71 per share for the quarter, down from their previous forecast of $1.97. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $4.17 per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q2 2025 earnings at $1.32 EPS, Q4 2025 earnings at $1.75 EPS, FY2025 earnings at $4.54 EPS, Q2 2026 earnings at $1.53 EPS and FY2026 earnings at $5.35 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. During the same period in the previous year, the business posted $1.48 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis.

Several other research analysts also recently commented on CBRL. Loop Capital decreased their target price on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. Citigroup reduced their price objective on shares of Cracker Barrel Old Country Store from $61.00 to $48.00 and set a “sell” rating on the stock in a research report on Friday, May 17th. Piper Sandler reduced their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Bank of America reduced their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating on the stock in a research report on Thursday, May 16th. Finally, CL King downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.00.

Cracker Barrel Old Country Store Stock Down 0.1 %

Shares of NASDAQ CBRL opened at $45.62 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. Cracker Barrel Old Country Store has a 52 week low of $45.35 and a 52 week high of $105.98. The firm’s fifty day moving average is $60.04 and its 200 day moving average is $69.17. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.92 and a beta of 1.48.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its stake in Cracker Barrel Old Country Store by 0.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock worth $1,196,000 after purchasing an additional 134 shares in the last quarter. HighTower Advisors LLC boosted its stake in Cracker Barrel Old Country Store by 4.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,922 shares of the restaurant operator’s stock worth $394,000 after purchasing an additional 251 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in Cracker Barrel Old Country Store by 7.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after purchasing an additional 253 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Cracker Barrel Old Country Store by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock worth $1,412,000 after purchasing an additional 274 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in Cracker Barrel Old Country Store by 3.7% in the 3rd quarter. Synovus Financial Corp now owns 8,334 shares of the restaurant operator’s stock worth $560,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 138.67%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.